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Expert Investing
Oct 28, 2022
In early 2020 when the pandemic hit such a highly-leveraged (operationally and financially) global economy, it indeed triggered a series of global stimulus efforts by fiscal and monetary policymakers to prevent mass debt liquidations among businesses and households. A lower-debt economy could have withstood an economic shock like this without the need for as much stimulus, whereas a high-debt economy like what we have is inherently fragile and doesn’t deal well with cashflow interruptions.
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